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    ExxonMobil announces FID on China petchem project

Summary

The steam cracker will have a nameplate capacity of approximately 1.6mn metric tons/year.

by: Shardul Sharma

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Complimentary, Natural Gas & LNG News, Asia/Oceania, Corporate, Investments, News By Country, China

ExxonMobil announces FID on China petchem project

ExxonMobil has made a final investment decision to proceed with a chemical complex in the Dayawan Petrochemical Industrial Park in Huizhou, Guangdong province in China, it said on November 8.

The chemical complex will produce performance polymers used in packaging, automotive, agricultural, and consumer products for hygiene and personal care. Construction is underway on the greenfield project, which includes a flexible feed steam cracker, three performance polyethylene lines, and two differentiated performance polypropylene lines, the company said.

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The steam cracker will have a nameplate capacity of approximately 1.6mn metric tons/year, ExxonMobil said. The company did not disclose the value of the investment.